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Afri-Can Marine Minerals Corp

Afri-Can Marine Minerals Corp. A Hidden Gem. Diamonds from second sampling, Block J, Namibia. An advanced Exploration Company developing large deposits of high-gem quality diamonds off the Namibian coast. Disclaimers.

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Afri-Can Marine Minerals Corp

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  1. Afri-Can Marine Minerals Corp A Hidden Gem Diamonds from second sampling, Block J, Namibia

  2. An advanced Exploration Company developing large deposits of high-gem quality diamonds off the Namibian coast

  3. Disclaimers Certain information presented herein constitutes "forward-looking statements," as identified in the Afri-Can's periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Although Afri-Can has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Afri-Can disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.

  4. Highlights • - Afri-Can is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia. • Afri-Can’s creative and scientific approach targets large marine diamond deposits in unexplored prospective territories. • Our business strategy is based on our strong and highly experienced geological and management team and strategic partnerships with people who share our vision of development. • Afri-Can’s shares are listed on the TSX Venture Exchange and on the Frankfurt Exchange under the symbol AFA.

  5. Highlights • Since 2000, Afri-Can has invested US $6 million on Block J’s marine diamonds exploration. • The investment led to the discovery of four large marine diamond deposits. Delineation of the resource is underway in Block J. These are similar to other major deposits that produce in excess of 1 million carats a year. • Afri-Can successfully completed Phase 1 of its Resource Delineation Program by completing three geophysical surveys and two sampling programs. • Afri-Can is the first Company to discover and delineate marine diamond deposits at the same water depths (100 m to 125m deep) as the renowned “Atlantic One” deposit of Namdeb (joint venture between De Beers and the Government of Namibia),

  6. Highlights • First Sampling Programme: 337 samples of 2.16 sq. m. each, recovered 23 diamonds totalling 4.65 carats, the largest stone being 0.64 carats. All of the diamonds recovered were of gem quality. • Second Sampling Programme on Feature 8: 25 samples of 10 sq. m. each, recovered 84 diamonds totalling 11.04 carats, the largest stone being 0.49 carats. All of the diamonds recovered were of gem quality. • The latest programmes consisted of a geophysical survey totalling 1353 line-kilometers, and the extraction of 39 vibracore samples of 100 mm diameter. • The interpretation of the results of the above first phase work has enabled the finalisation of the details of the second phase of the program, which will essentially be bulk sampling, with about 330 large samples, each of 5 square meters. • The aim of the complete program is to delineate diamond resources on Block J in compliance with Canadian National Instrument 43-101.

  7. Highlights The most recent 43-101 has estimated a potential mineral content at between 0.7 million and 1.8 million carats on an area covering approximately 12.3 square kilometres. The average grade of the samples within the target zone was 0.053 carats per square metre,and the average of the best 20% (used to compensate for inadequate sampler performance) was 0.146 carats per square metre. The remaining targets on Block J cannot be assessed at the moment due to inadequate sampling. Their total area is about 15.3 square kilometres Statements of potential quantity are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.  Mr. Richard W. Foster is the designated Qualified Person. Mr. Foster has 43 years of postgraduate experience in exploration geology and specifically in marine diamonds. His experience includes marine geophysics, marine exploration and sampling, resource sampling and estimation and resource management. He is registered as a Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP) and thus meets all the requirements of a Qualified Person in terms of NI 43-101.

  8. Highlights • Afri-Can’s Chief Geologist, Mr. Dick Foster, worked for De Beers Marine for 32 years, where he was instrumental in the discovery, off the coast of Namibia, of the largest marine diamond deposit ever delineated: the “Atlantic One” deposit (declared resources of 8 million carats). • Mr. Foster is heading a team of 3 other renowned geologists. The total marine experience of the team amounts to more than 120 years. • Board of Directors and Management consist of reputable and experienced individuals. • Working in Namibia since 1997, the corporation is well established in the Namibian community.

  9. Investment facts • Afri-Can offers a strong added value potential • based on the following facts: • Block J geology is comparable to the largest marine diamond deposits • ever discovered. • Great potential to develop world class resources. • Seasoned and renowed technical Management team. • Experienced and renowned Management and Board of Directors. • Project development in a politically and economically stable Country. • Strong local partnerships.

  10. Namibia in numbers • 825,000 sq. km • Population: 1.8 million • Politically stable: Presidential regime • Well-administered and transparent mining policies • Mining accounts for: 13% of GDP, 80% of export • Diamond mining is by far the most important sector of the ecomomy • 95% of Namibia’s marine diamond production is of gem quality with the world’s highest price per carat

  11. Diamonds from second sampling, Block J, Namibia Why Namibian marine diamonds ? • Geologists estimate the total offshore potential in excess of 2 billion carats. • Highest gem quality content in the world at 95%. • De Beers Marine production growing at a constant pace: • 2002: 505,000 carats • 2006: 1,018,000 carats • 2008: 1,039,000 carats

  12. Namibian marine leasesandproduction figures

  13. At the end of the Cretaceous period, there was major continental uplift • The kimberlites were eroded, releasing diamonds, which were carried down the westerly drainage systems. • It has been estimated by De Beers geologists that, in the Kimberley region, the upper 1 500 metres of the pipes were removed. • It is estimated that about 2 billion carats reached the southern African West Coast.

  14. The “Luderitz River”flowing into Block J Showing the basement surface at end-Cretaceous, with all later sediment removed

  15. Early Tertiary diamond influx • The diamonds were carried down the westerly drainages and reached the coast during the Eocene period (65-34 Ma) in the early Tertiary. • Sea level was high (+150m) during the Eocene, and the diamonds were deposited on the area of the present coastal plain.

  16. Oligocene low sea levels • During the Oligocene period (34–23 Ma), sea level was below present (-150m?). • The diamondiferous Eocene sediments were eroded, and the liberated diamonds were flushed onto the present continental shelf area. • Block J was in a favourable position in the path of the “Luderitz River”.

  17. Miocene rising sea level • During the early Miocene (23-15 Ma) the sea level gradually rose from the Oligocene low levels. • The diamonds were carried up-slope from the Oligocene sediments, and were deposited in basal Miocene sediments on the “Oligocene unconformity”. • The basal Miocene sediments on this unconformity are a prime target for West Coast exploration geologists. • Along most of the West Coast they are buried, but are extensively exposed in Block J.

  18. Block J during the Ice Age • For the last 2.5 million years, there was glaciation in the northern hemisphere. • During that time there were many world-wide fluctuations of sea level. • The fluctuations had important effects on the diamond mineralisation of Block J.

  19. Sea level during the past 1.2 M years

  20. Ice Age sediments in Block J • Sediments dating from high sea levels during the last interglacial, about 100 000 years ago, occur in Block J, but they are of no economic interest. • Terrestrial sediments formed during low sea levels have been shown by sampling to contain many diamonds when they are adjacent to basal Miocene outcrops.

  21. Sea level during the past 140,000 years

  22. The last sea level rise • About 21,000 years ago, as the ice sheets melted for the last time, sea level began to rise from the last low level about 125 metres below present. • As the coastline advanced across Block J, it halted for 1,000 years or so at some elevations, forming beaches and surf zones, with local diamond concentrations. • The sea reached its present level about 7,000 years ago.

  23. Sea level during the past 22,000 years

  24. Part of a vibracore showing beach gravel

  25. The way forward • Afri-Can has recently finalized the details of the layout of its up-coming quantitative sampling program. • The objective of the sampling program will be to establish mineralised resources, in accordance with the National Instrument 43-101, in four defined deposits and to conduct trial mining over identified areas. • The main four target areas with proven mineralization will be sampled at a cost of approximately US $2.5 million. • The program for the main four targets is designed to extract 332 samples of 5 sq. m each.

  26. The way forward The vessel chartered for the sampling program: “The Explorer” • full digital positioning II • length: 104.85 meters • gross tonnage: 6,757 tonnes • 5 sq. metre sampling airlift drill system • sampling down to a water depth of 250 m and through 12 m of overburden • 21 samples per day • treatment plant: DMS 20 tph

  27. The way forward “The Explorer” design layout

  28. The way forward “The Explorer” being fitted out in Cape Town harbour , May 2009

  29. The way forward The 170 tons 5m² sampler on the deck of “The Explorer”. May 2009.

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